Moody's Talks - Inside Economics Out of the Wilderness with Glenn Hubbard
Jan 10, 2025
Glenn Hubbard, Nonresident Senior Fellow at AEI and former chairman of the President’s Council of Economic Advisers, joins the conversation to discuss various economic dynamics. He analyzes the potential impacts of Trump’s policy proposals on the economy and delves into corporate tax cuts and job growth trends. The discussion also covers discrepancies in job count data and the complexities of the current labor market, including wage growth and the effects of immigration and inflation on different income groups.
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Glenn Hubbard's Career Path
- Glenn Hubbard's career path was influenced by figures like Alan Greenspan and Marty Feldstein.
- His experience spans academia, government, and the private sector, including roles at the Treasury, CEA, and Columbia Business School.
Market Reaction to Jobs Report
- December's job report exceeded expectations, showing strong growth and low unemployment.
- Despite this positive economic news, the stock market reacted negatively, possibly due to the implications for interest rate cuts.
Economic Strength vs. Political Discontent
- The current US economy presents a conundrum: strong performance but political discontent.
- Objective economic indicators like GDP growth, employment, and decreasing inflation suggest a healthy economy, contradicting the political narrative.